Well, it needn't be that bad. I even speak as a parent who shoe-string homeschooled in a district that spends $12,000/child/year and still manages to have students performing so poorly that the state has usurped local control!
My school actually put some thought into that. I can remember being in sixth grade and having tests on tactics like 'bait and switch". I'm much closer to retirement now than starting out, and it's always served me well. Wish the dgs had the same experience.
To be fair, my son's high school teaches basic personal finance in the home economics class. I would imagine that it's very hard to teach something like that to teenagers though, because being financially sheltered still, most would not see its importance at that point in their lives....
I found out that the school district my stepkids attend offers Dave Ramsey's classes for teens. Interesting! I asked my sons, ages 24 and 23, what they learned about personal finance in school. They said nothing, not even checkbook balancing. Zip, zilch, nada. What they did learn was from me and that wasn't much, sad to say. So yeah, I agree with this entry, 100% and it gets my highest praise.
Wow, how far we've fallen behind. I remember as a middle schooler that we were taught how to budget, how to write checks, how to balance a checkbook - credit cards for the masses didn't exist. That and dinosaur roping, making flint points, baiting cavemen, and cave wall decor.
I work for a credit union and we are very much partnering with our local schools to teach financial literacy to our youth. We employ a full time peron whose job is to teach the community about finance. We also offer youth classes in the evenings to high schoolers about checking, saving, debit and credit cards, budgeting, and financial responsibility. The employee is now recognized nationally her program is becoming very sought after.
We have student branches in the local high schoold that are run by the students. These are very popular and we have gained many great employees from the students that we have graduated from the program.
I agree that our public school system is broke, so how do we fix it??
I strongly encourage you to talk to your local credit union about programs like these. It simply will not solve the problem to scratch our heads and talk about it. It is working in our community, I am sure it can work in yours too.